Blue Sky Alternatives Access Fund Limited announces an Equity Buyback for13,347,505 shares, representing 6.82% of its issued share capital.
May 01, 2020 at 12:00 am
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Blue Sky Alternatives Access Fund Limited (ASX:BAF) announces a share repurchase program. Under the program, the company will repurchase up to 13,347,505 shares, representing 6.82% of its issued share capital. The purpose of the buyback is to maximize total shareholder returns. The repurchases will commence on May 18, 2020 and the plan will be valid for a period of 12 months. As at May 1, 2020, the company had 195,789,913 shares in issue.
Ord Minnett acted as broker to the company.
WAM Alternative Assets Limited is an Australia-based investment company. The principal activity of the Company is to provide retail investors with exposure to a portfolio of real assets, private equity, infrastructure, real estate and private debt strategies. The Companyâs investment objectives are to deliver absolute returns through a combination of dividend yield and capital growth, while providing diversification benefits to shareholders. It engages in investing activities, including cash, term deposits and unlisted investments. The Company categorizes its unlisted investments into five categories: private equity, private real estate, real assets, infrastructure and private debt. Its investment portfolio includes consumer discretionary, industrials, information technology, financials, healthcare, communication services, energy, materials, consumer staples, utilities, and real estate. The Companyâs investment manager is Wilson Asset Management.